NAPLES, Fla. -- Industrial Nanotech, Inc., an emerging
global leader in nanotechnology, has announced that the Company is participating
in a major arctic pipeline project estimated to span over 3000 miles.

"We were recently contacted by an international
oil and gas company based in the US to provide a custom formulated version
of our patented Nansulate coatings and specifications for the application
of that coating to an arctic pipeline project which is estimated to cover
over 3000 miles when completed," states Stuart Burchill, CEO/CTO
of Industrial Nanotech, Inc. "Based on discussions with this new
customer's engineering department, a review of our coating's
performance capabilities, and our understanding of the demands presented
by the arctic environments of Alaska and northern Canada, we are confident
that our product can provide added value and performance benefits to this
project." Mr. Burchill continues, "This is a complex undertaking
and there are many more hurdles for both companies to cross before the
project begins in 2010, but this clearly presents a major development
in Industrial Nanotech's capture of market share in the oil and gas
industry beyond our current 155 mile project with the Brazilian oil giant,
Petrobras."

About Nansulate®

Nansulate® is the Company's patented product line of specialty coatings
containing a nanotechnology-based material and which are well-documented
to provide thermal insulation, prevent corrosion, resist mold, chemical
resistance, and encapsulate lead. The Nansulate® Product Line includes
both industrial and residential coatings.

About Industrial Nanotech Inc.

Industrial Nanotech Inc. is quickly emerging as a global
nanoscience solutions and research leader. The Company develops and commercializes
new and innovative applications for nanotechnology.

Safe Harbor Statement

Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: This release includes forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 that involve risks and uncertainties
including, but not limited to, the impact of competitive products, the
ability to meet customer demand, the ability to manage growth, acquisitions
of technology, equipment, or human resources, the effect of economic and
business conditions, and the ability to attract and retain skilled personnel.
The Company is not obligated to revise or update any forward-looking statements
in order to reflect events or circumstances that may arise after the date
of this release.